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Image by Jörg Prohaszka from Pixabay
Retail investment momentum picks up in August
The improvement was most noticeable in Causeway Bay where a building was sold for $300m.
Buoyed by improved consumption sentiment, retail investment momentum picked up in August.
According to JLL, the improvement was most noticeable in Causeway Bay.
Recently, a ground-to-third floor of a Ginza-style commercial building OLIV on Sharp Street East in Causeway Bay was sold for $300m or $31,582 per sq ft to veteran investors Law Sau Yiu and Teng Chiu Lin.
Meanwhile, JLL said major landlords and industry stakeholders welcomed the government's plans to collaborate with the industry to revive the night economy.
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